Comment on India’s Flipkart buys $204 million stake in Aditya Birla Fashion and Retail

India’s Flipkart buys $204 million stake in Aditya Birla Fashion and Retail

Flipkart is acquiring a 7.8% stake in Aditya Birla Fashion as the Walmart-owned Indian e-commerce firm makes further push into the apparel category in one of the world’s largest retail markets. The e-commerce group will pay $203.8 million for its stake in Aditya Birla Fashion and Retail, a conglomerate that operates over 3,000 stores including the Pantaloons clothing chain.

 

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